My Twitter feed this week was full of conference hashtags (e.g. #WIBSummit15, #IBAConvention15, #ICBALead15, etc.). I hope there were lots of great ideas shared. In case you missed the latest on mergers, fintech, marketing, etc., here’s the wrap-up:
Trending
What’s Keeping Bank Branches Open? One Word – Fear http://t.co/ubce6ViWlq | @TheStreet pic.twitter.com/Vi0oWaHu1l
— Jim Perry (@mi_jim) September 22, 2015
Mergers, Acquisition – Expansion, Consolidation
- Lake Trust Credit Union’s new 100,000-square-foot HQ opens in Brighton, MI http://bit.ly/1LREna1
- Phoenicia, NY (pop 309) @keybank branch set to reopen 9/28; 7 months after fire. Community petitioned bank to stay. http://bit.ly/1NYfI9I
- CT’s Farmington Bank to open 1st Massachusetts branch in former BofA location. A 2nd branch planned this fall. http://bit.ly/1QCEt8S
- Lincoln, NE-based Pinnacle Bancorp acquiring eight-branch Texas bank http://bit.ly/1NQCu1z
- On @CNBC BB&T Chairman Kelly King predicted that w/in 20 years, fewer than 20 regional/national banks will dominate http://bit.ly/1gTYeN3
- According to @SNLFinancial, @TheNCUA approved 16 credit union mergers in August.
- Premier Credit Union merges with Waukegan, IL’s Consumers Credit Union http://trib.in/1Fw7lz5
- In Lima, OH, Superior Federal Credit Union and St. Mary’s Parish Ottoville Federal Credit Union merge http://bit.ly/1FhuZQ3
- Munster, IN’s Peoples Bank opens branch in Whiting and will close former Liberty Savings’s Schererville branch http://bit.ly/1R2pQfS
- Bank of Hawaii has officially put its 55-year-old Kapahulu branch near Waikiki up for sale http://bit.ly/1PwFJu9
- Industrial & Commercial Bank of China to open first northwest branch in Seattle http://bit.ly/1MrObdy
- Merchants Bank to consolidate their Malletts Bay branch in Colchester, Vermont http://bit.ly/1jdOr6k
- The holding company for Hometown Bank, based in Oxford, MA will merge w/that of the larger Easthampton Savings Bank http://bit.ly/1VcomjK
- A new private banking office in downtown Milwaukee is in the works for @AssociatedBank http://bit.ly/1KDBXf7
- MA’s Fidelity Bank (founded 1888) and Barre Savings Bank (founded 1869) to merge http://bit.ly/1LyVBgk
- The @BostonGlobe reports @Citi will pull out of MA retail banking market in Jan., closing its remaining 17 branches http://bit.ly/1iNrSpc
- With almost 400 branches in NY, NJ, PA, CT & MA and market value of almost $3.18B, @firstniagara is exploring sale http://bloom.bg/1KSWL5L
- Alerus Financial to buy Shorewood, MN’s Beacon Bank for $56M http://bit.ly/1MIBKNr
- Shareholders of Tri-State First Banc have approved merger w/Canfield, OH’s Farmer’s National Bank http://bit.ly/1NT0hzF
- Lindell Bank’s parent company, First Illinois Bancorp, is buying Concord Bank http://bit.ly/1NSZuyw
- Newton, MA’s many millionaires draw a new bank to town http://bit.ly/1V9ePiO
- Proposed credit union in Buffalo launches crowdfunding campaign http://bit.ly/1j5OFMH
- Fidelity Bank in Fuquay-Varina, NC, has agreed to buy a branch from First Citizens BancShares http://bit.ly/1NJi7n0
- Peoples State Bank in Albia, Iowa, has agreed to acquire a branch from Iowa City’s MidWestOne Bank http://bit.ly/1V7nySx
- TN’s FirstBank closes merger w/Northwest Georgia Bank http://bit.ly/1FcPJsl
- After 2+ years, FL’s City National Bank sale to Chile’s Banco de Credito e Inversiones gets regulatory approval http://bit.ly/1MGrnK2
- PA’s FNB completes purchase of 5 Bank of America offices http://bit.ly/1ONFDzZ
- First Midwest Bancorp, Inc. to acquire The Peoples’ Bank of Arlington Heights http://on.mktw.net/1Pnu1lj
- California Bank of Commerce and Pan Pacific Bank to merge http://bit.ly/1OKWW4N
Branch Evolution
- “Many banks didn’t have a clear vision of what a successful branch transformation meant for them” – @Celent_Research http://bit.ly/1G6DMz9
- Biometric banking hub launched for @Barclays business customers http://bit.ly/1L7OSeF
- Merchants Bank, the sole remaining statewide bank in Vermont, cut positions “to reflect changing consumer behavior” http://bit.ly/1NQQDxu
- .@figure3_Design on how customer research led to @BMO branch transformation http://bit.ly/1V5gMr8 | @FinancialBrand
Marketing & Branding
ICYMI @umpquabank podcast shows industry’s move to unconventional #marketing http://t.co/DCh7XOFAZH | @BankTechNews pic.twitter.com/GMapqozknL
— Jim Perry (@mi_jim) September 24, 2015
- How one retail bank (@Westpac) is using digital tools & real-time data to strengthen customer relationships http://onforb.es/1NQBUAR @Forbes
- Does the “Credit Union Difference” matter to #Millennials? No. But @NCUFoundation‘s Lacy Adler thinks it should. http://bit.ly/1NOsd6e
- 74% of affluent #Millennials say they’re more comfortable saving or investing money than spending it http://bit.ly/1FXzDNS
Mobile & Digital Transformation
- Mobile bank app users at @Chase, @WellsFargo & @BofA_News grew to a combined total of 54.5M in the 2Q 2015, up 19% YoY. | via @SNLFinancial
- Banks (e.g. @WellsFargo digital innovation lab) testing whether cellphones can speed up certain transactions http://bit.ly/1isAVeg
- Today @MyMonese launches in UK to let immigrants/expats get a #mobile banking account http://tcrn.ch/1ispyTH | via @sohear at @TechCrunch
Fintech
- The oldest peer to peer lending (P2P) platform in UK, @Zopa, recently broke the £1B barrier in loans http://bit.ly/1gU4hRL
- OH’s @keybank embraces #fintech industry through partnership w/@AvidAutomates http://bit.ly/1VaQn0k | via @JeremyNobile, @CrainsCleveland
- An early @LendingClub investor on the future of #fintech http://on.wsj.com/1Kt7bI2 | @WSJMoneyBeat
- Some of Britain’s top venture capitalists offer their thoughts on hottest #fintech companies http://read.bi/1LKwpPT | @businessinsider
- First installment of @BankTechNews‘s list of Top 100 Companies in #Fintech http://bit.ly/1FZO58j
- Don’t miss @DustyWunderlich‘s thoughts on Silicon Valley, Facebook social data algorithms & #fintech http://bit.ly/1NNhL0n | @VentureBeat
Industry News
Not surprised that @keybank‘s Beth Mooney on @AmerBanker‘s 25 most powerful women in banking http://t.co/zf7XeytQP3 pic.twitter.com/YXQMr1eWOy
— Jim Perry (@mi_jim) September 22, 2015
- Stats from @FBI show 8% of the 3,961 financial institution robberies in 2014 were at credit unions http://bit.ly/1KuHtTi | @CookeonCUs
- Police are investigating a case of “skimming” at the Educators Credit Union branch in Kenosha, WI http://bit.ly/1FeYXUQ
- Bank of America’s Brian Moynihan survives Chairman-CEO vote http://on.wsj.com/1L38eBJ
- ICYMI: Citizens Bank customer carrying a concealed weapon shoots Warren, MI bank robber http://on.freep.com/1j9Hmne
- Board of @CUNA votes to retain dual membership requirement http://bit.ly/1G07fus | @CUinsight
- Board of @MICreditUnions to allow its credit unions to join the league without joining @CUNA http://bit.ly/1QvzDug | @CUinsight
- It is Take Your Lawmaker to Work Week, when bankers host members of Congress in their banks http://bit.ly/1FcP2zc #BankOnCongress2015
- Shout out to @FirstMerit‘s Sandy Pierce for making @AmerBanker list of 25 most powerful women in banking http://bit.ly/1j5Ggc7
- Following tweets from #WIBSummit15. Hard to believe it’s been a year since I spoke at @WIB_Bankers, where I met the brilliant @EricCook!
- Two New York-based credit unions (1 hurt by rise of @Uber) placed into conservatorship by @TheNCUA http://bit.ly/1j2L7ec
That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note.